Reynolds on the brink of acquiring Lorillard

Reynolds American is poised to win US antitrust approval for its $25 billion purchase of Lorillard as early as next week, according to a story by David McLaughlin for Bloomberg News, quoting ‘a person familiar with the matter’.

If the merger is cleared, Reynolds will account for about a third of domestic tobacco sales and, together, Reynolds and Altria will account for about eight out of every 10 cigarettes sold in the country.

Reynolds first announced plans to buy Lorillard in July last year.

The full story is at: http://www.bloomberg.com/news/articles/2015-05-21/reynolds-said-set-to-win-antitrust-clearance-for-lorillard-deal.